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CBOT futures closed much lower with corn and wheat suffering the worst losses in reaction to USDA’s 11 a.m. crop production and supply-demand reports. Futures held up for about 10 minutes but eventually headed south for the balance of the session. Cattle futures closed sharply lower with many contracts making new contract lows.

CBOT futures closed higher and near the day’s highs as prices rallied steadily after posting lows early morning. November Soybeans and soybean meal futures traded to new lows not seen since last April. Cattle futures closed sharply lower with a few contracts down the daily trading limit of $3.00 in LC and $4.50 in FC.

CBOT futures closed mixed again today but the soy complex reversed yesterday’s strong move higher. Today’s profit-taking shouldn’t be surprising after a 50-cent rally in four trading days. After Tuesday’s minor setback, cattle futures pushed higher again with the Live Cattle contracts trading to new highs for this September rally.

CBOT futures closed higher led by soybean oil and soybeans. The soy complex was supported by the Malaysian palm oil market and strong nearby demand for soybeans as harvest is just starting – and harvest may be slowed by rain. Cattle futures traded both sides of unchanged and closed lower.

CBOT futures closed mixed. Soybean futures closed slightly higher with support coming from the soybean oil market which rallied on rising palm oil prices. Live Cattle futures closed mixed with the four contracts through April 2017 settling between $107.25-107.90.

CBOT futures closed lower except for the soy complex. Corn and wheat futures were weighed on by disappointing weekly export sales reports this morning. Cattle futures closed higher with the October LC contract gapping higher; resistance comes in at 108.45, the August high.

CBOT futures closed with minimal changes after trading modest ranges. Corn and wheat closed at the high end of the range with strong buying in the final minutes. Live Cattle closed higher and near the day’s highs as prices trended up throughout the day.